Stroud Electric

About Stroud Electric

With their main offices in Stroud, Oklahoma, Stroud Electric supplies electricity to 13 cities throughout Oklahoma and is considered a municipally owned entity. Presently, 1,471 consumers are supplied electricity by the supplier. These customers are a mix of 79.88% residential properties, 19.78% commercial customers and 0.34% industrial properties. Stroud Electric averages 12.97 cents per kilowatt hour charged to their consumers for residential electricity. Unfortunately, this is 11.64% more than the state's average price of 11.62 cents. They had total sales and disposition of 39,450 megawatt hours in 2019, of which 92.90% were from retail sales. Wholesale power purchases made up 100.00% of the total electricity sourced and 39,450 megawatt hours were purchased via the wholesale market. Their total revenue for 2019 was $4,266,000 and was earned from sales to retail electricity customers alone.

The state average monthly residential power bill is $125.77, while the Stroud Electric average is 13.33% lower at $110.05 per month. This is the 47th lowest average monthly bill amount for a supplier in Oklahoma. Electricity production is not handled in house at the company, as they purchase power at wholesale rates and then resell to their customers.